Title: Subrecipients
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance projects (the "Schedule") is prepared on the accrual basis of accounting. Such expenditures are reported following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance"), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The accompanying Schedule includes the federal and state grant activity of Jacksonville Aviation Authority (the “Authority”) under programs of the federal and state government for the year ended September 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, Audit Requirements for Federal Awards; the Florida Single Audit Act; and Chapter 10.550 of the Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not recover its indirect costs using the 10 percent de minimis indirect cost rate provided under Section 200.414 of the Uniform Guidance.
The Authority did not make subawards of federal awards or state financial assistance during the year ended September 30, 2023.
Title: Indirect Cost Recovery
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance projects (the "Schedule") is prepared on the accrual basis of accounting. Such expenditures are reported following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance"), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The accompanying Schedule includes the federal and state grant activity of Jacksonville Aviation Authority (the “Authority”) under programs of the federal and state government for the year ended September 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, Audit Requirements for Federal Awards; the Florida Single Audit Act; and Chapter 10.550 of the Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not recover its indirect costs using the 10 percent de minimis indirect cost rate provided under Section 200.414 of the Uniform Guidance.
The Authority did not recover its indirect costs using the 10 percent de minimis indirect cost rate provided under Section 200.414 of the Uniform Guidance.
Title: General
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance projects (the "Schedule") is prepared on the accrual basis of accounting. Such expenditures are reported following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance"), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The accompanying Schedule includes the federal and state grant activity of Jacksonville Aviation Authority (the “Authority”) under programs of the federal and state government for the year ended September 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, Audit Requirements for Federal Awards; the Florida Single Audit Act; and Chapter 10.550 of the Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority did not recover its indirect costs using the 10 percent de minimis indirect cost rate provided under Section 200.414 of the Uniform Guidance.
The Aviation Safety and Capacity Expansion Act of 1990 (Public Law 101 508, Title II, Subtitle B) authorized domestic airports to impose a passenger facility charge (PFC) on enplaning passengers. PFCs may be used for airport projects that meet at least one of the following criteria: •Preserve or enhance safety, security, or capacity of the national air transportation syste •Reduce noise or mitigate noise impacts resulting from an airport •Furnish opportunities for enhanced competition between or among carrier Since 1993, the Federal Aviation Administration (FAA) has approved 11 PFC applications and amendments submitted by Jacksonville Aviation Authority. The Authority is currently authorized to collect PFCs in the amount of $4.50 per enplaned passenger up to a total for approved collections of approximately $363 million. Project expenditures may include amounts for the payment of principal, interest, and other financing costs on bonds for which the proceeds are used to pay PFC eligible costs on approved projects.As of September 30, 2023, the Authority had received approximately $288 million of PFC revenue and $7 million of interest earnings. The Authority had expended approximately $269 million on approved projects and debt repayments